The technical and fundamental bias has shifted up for gold and silver following the latest update on the status of US Fed policy.
Obviously, the idea that the Fed will be on hold in the December 13th meeting, the downside breakout in US treasury yields today, and the definitive reversal/gap downslide in the dollar early this morning gives the edge to the bull camps in gold and silver.
However, the initial gains are somewhat disappointing given the noted favorable shift in market psychology, especially with the potential for the war to provide out-of-nowhere buying...[MORE]
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